Question 20 1 pts 20. This question tests your understanding of the economics of a wage subsidy. If the government were to provide a wage-subsidy for low-wage workers, we should expect that (choose one or more] [:1 the wage rate that employers pay would fall. [3 the wage rate that employees receive would rise. C] the gains to employers and employees would exceed the cost of the subsidy. C] government expenditure would increase. C] the hours worked would increase. Question 21 1 pts 21. This question tests your understanding of the impact of regulation on the labor market. If the government were to require employers to provide health insurance for all full-time workers. we should expect that in the long run C] the number of full-time jobs would increase. [:1 the average wage rate would fall. [3 earnings would fall. C] hours worked would fall. Question 22 1 pts 22. This question tests your understanding of price ceilings and floors. Here are three statements about price ceilings and floors. Identify the CORRECT statement(s). A If the government sets a price ceiling below the market-clearing price, a shortage would emerge. B If the government does not intervene in the market, any scarcity would be eliminated. C If the government sets a price floor above the market-clearing price, a surplus would emerge. O B OC Question 23 1 pts 23. This question tests your understanding of price ceilings and floors. Which statement(s) about rent control in American cities are TRUE? O Rent control is an example of what economists call price ceilings. Rent control causes a reduction in the quality of accommodation. Rent control fixes rents below their market-clearing (equilibrium) levels. Rent control leads to a shortage of rented accommodation. Rent control is usually accompanied by security of tenure laws that prevent landlords from evicting tenants in order to raise rents